Protect Investors But Don't Penalize Ce Os

With interest and approval I read "A better way to protect investors" (Editorials, Aug. 14). However, I disagree with your advocacy of the "I have known or should have known" test. This is like Monday morning quarterbacking about the competence or lack of clairvoyance of a CEO. To haul a CEO into court for fraud is disingenuous.

John G. Adler



Milpitas, Calif.